With the onboarding of its latest client, cloud-based property management software PropertyMe has upped its market share.
Its latest deal with Doyle Spillane operating in Sydney’s northern beaches brings another 30 agents under the company’s umbrella, which it now estimates to encompass over half of all real estate agencies in the country.
This is the 5,000th client for the proptech.
The software, which assists property managers in tracking rental payments, reconciliation, vacancies, jobs, inspections and more, is now used in the management of almost 1.5 million Australian rental properties, according to the company.
Sarah Dawson, PropertyMe’s chief customer officer, called the Doyle Spillane deal an “incredible milestone for the company and for our people. It shows the power of technology to turn a market on its head.”
“Our platform makes everything easier for the real estate community. We would like to thank all our clients for their support,” she added.
Ms Dawson noted that with rental vacancy rates tightening across Australia, it was in everyone’s best interests to stay on top of property updates to keep the market flowing.
“We can see that the national rental vacancy rate was down at around 2.75 per cent in mid-March, with only the Northern Territory and Western Australian markets having vacancy rates over 3 per cent.
“Never has it been more important to manage the rental market efficiently and effectively. Our platform is making sure people are in homes, and that landlords can look after those properties,” she said.
ABOUT THE AUTHOR
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.